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{{Organization | |||
|OrganizationName=Federal Energy Regulatory Commission | |||
|OrganizationType=Regulatory Commissions | |||
|Mission=To assist consumers in obtaining reliable, safe, secure, and economically efficient energy services at a reasonable cost through appropriate regulatory and market means. FERC regulates the interstate transmission of electricity, natural gas, and oil, as well as licensing hydropower projects and overseeing energy infrastructure projects. | |||
|ParentOrganization=Department of Energy | |||
|TopOrganization=Department of Energy | |||
|CreationLegislation=Department of Energy Organization Act of 1977 | |||
|Employees=1500 | |||
|Budget=$360 million (Fiscal Year 2023) | |||
|OrganizationExecutive=Chairman | |||
|Services=Regulation of energy markets; Licensing hydropower projects; Oversight of natural gas pipelines; Electric transmission oversight | |||
|HeadquartersLocation=38.90312, -77.00589 | |||
|HeadquartersAddress=888 First Street NE, Washington, DC 20426 | |||
|Website=https://www.ferc.gov | |||
}} | |||
{{Short description|Independent agency of the US federal government}} | {{Short description|Independent agency of the US federal government}} | ||
{{Infobox government agency | {{Infobox government agency | ||
| type = | | type = | ||
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=== Energy Policy Act of 2005 === | === Energy Policy Act of 2005 === | ||
In 2001, the | In 2001, the George W. Bush administration sought to give the authority of eminent domain to FERC to circumvent state and local bureaucratic processes which often slowed the siting of new transmission projects. This expansion of power was most fiercely opposed by Bush's own Republican party as being an expansion of federal power. Legal battles over the issue ended with the 2005 Energy Bill ([[Energy Policy Act of 2005]]) which was passed with approval of Democrats and Republicans. | ||
The Energy Policy Act of 2005 expanded FERC's authority to protect the reliability and cybersecurity of the bulk power system through the establishment and enforcement of mandatory standards, as well as greatly expanding FERC authority to impose civil [[sanctions (law)|penalties]] on entities that manipulate the electricity and natural gas markets. The Energy Policy Act of 2005 also gave FERC additional responsibilities and authority. Among the many provisions of the law, FERC was given what is known as "backstop" siting authority which allows FERC to overrule any denial of transmission projects by a state within established corridors of [[transmission congestion]] "to expand transmission in limited regions of the country facing transmission constraints."<ref>{{Cite web|last=U.S. Department of Energy|date=December 2009|title=NATIONAL ELECTRIC TRANSMISSION CONGESTION STUDY|url=https://emp.lbl.gov/sites/default/files/doe-natl-elec-study-2009.pdf|access-date=2018-12-22|website=Emp.lbl.gov|archive-date=2017-07-08|archive-url=https://web.archive.org/web/20170708222020/https://emp.lbl.gov/sites/default/files/doe-natl-elec-study-2009.pdf|url-status=dead}}</ref><ref>{{Cite web|last=Rossi|first=Jim|date=December 21, 2009|title=The Trojan Horse of Electric Power Transmission Line Siting Authority|url=https://law.lclark.edu/live/files/3581-394rossi|access-date=2018-12-22|website=Law.lclark.edu}}</ref> | The Energy Policy Act of 2005 expanded FERC's authority to protect the reliability and cybersecurity of the bulk power system through the establishment and enforcement of mandatory standards, as well as greatly expanding FERC authority to impose civil [[sanctions (law)|penalties]] on entities that manipulate the electricity and natural gas markets. The Energy Policy Act of 2005 also gave FERC additional responsibilities and authority. Among the many provisions of the law, FERC was given what is known as "backstop" siting authority which allows FERC to overrule any denial of transmission projects by a state within established corridors of [[transmission congestion]] "to expand transmission in limited regions of the country facing transmission constraints."<ref>{{Cite web|last=U.S. Department of Energy|date=December 2009|title=NATIONAL ELECTRIC TRANSMISSION CONGESTION STUDY|url=https://emp.lbl.gov/sites/default/files/doe-natl-elec-study-2009.pdf|access-date=2018-12-22|website=Emp.lbl.gov|archive-date=2017-07-08|archive-url=https://web.archive.org/web/20170708222020/https://emp.lbl.gov/sites/default/files/doe-natl-elec-study-2009.pdf|url-status=dead}}</ref><ref>{{Cite web|last=Rossi|first=Jim|date=December 21, 2009|title=The Trojan Horse of Electric Power Transmission Line Siting Authority|url=https://law.lclark.edu/live/files/3581-394rossi|access-date=2018-12-22|website=Law.lclark.edu}}</ref> |
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